Looking to diversify beyond OWACX? The mutual funds below have the lowest correlation with OWACX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OWACX.
Best Diversifiers for OWACX
2 mutual funds have low correlation with OWACX (below 0.3), 0 of which are negatively correlated. The least correlated is Old Westbury New York Municipal Bond Fund (OWNYX) (Municipal Bonds) with a 1Y correlation of 0.25, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Old Westbury New York Municipal Bond Fund | 0.25 | 0.19 | 0.14 | 61 | Municipal Bonds | OWACX vs OWNYX | |
| Old Westbury Municipal Bond Fund | 0.28 | 0.19 | 0.14 | 62 | Municipal Bonds | OWACX vs OWMBX | |
| Old Westbury California Municipal Bond Fund | 0.32 | 0.19 | 0.13 | 60 | Municipal Bonds | OWACX vs OWCAX | |
| Baron Partners Fund | 0.49 | 0.57 | 0.66 | 72 | Large Cap Growth Equities | OWACX vs BPTRX | |
| One Rock Fund | 0.64 | 0.69 | 0.75 | 87 | Large Cap Growth Equities | OWACX vs ONERX |
See all 28 diversifiers for OWACX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements OWACX
Add OWACX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OWACX